I hope this isn't coming across as an advertisement, I just wanted to make sure people know about this.

The wholesaler doesn't want to give out information unless you demonstrate that you're legit.Technically sending out personal information and advertising a large bank account to someone through craigslist also make you a target of a scam, too so tread lightly.In order to get a proof of funds letter, your best bet is probably working with the bank that holds the money (or line of credit) you plan to use to invest.Also, consider a different approach in looking to meet the wholesaler for coffee in order to discuss more about their business and your criteria.

If so they would advertise and find you a tenant and once tenant is found they hand everything back over to you to manage.

One of my concerns was whether or not I was merely investing in a lot of advertising and pitching from BP and other members and services or if I would indeed find more in depth educational and investment opportunity value.

My understanding is: the property becomes Sch-E qualified "when put into service", which means you advertise is availability as a rental.Property A (dec.15) would be claimed for expenses and no incomeProperty B does not qualify for any thing except closing costs.But check with your CPA for accuracy on this

Why do you think it takes 6 months to get a deal from a direct mail marketing campaign? 

(They were into goth, black hair and nails, tatts, etc, but GREAT TENANTS... picture of them with grandma on the wall :)   I had to consider the month or more rents lost if they left.. they leave end of month, i can't do a turnaround in less than a week or two, so by the time i advertise and get a new occupant, 30 unpaid days blew by. 

However  you may want to be able to advertise a historic home as deleaded.

For more information on why incorporating in a state where you do no business may be a bad idea, find local counsel.DISCLAIMER: For any viewer in Virginia, this may be considered as legal advertising.

I know I cannot advertise for investors.